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Search Results 0 to 7 of about 8 (some duplicates have been removed)
of it followed bill clinton's 1993 tax increase. now, mitt romney has just spent two years telling us that tax cuts are all you need to stimulate the economy. is that wrong? >> absolutely wrong. supply side economics is bunk. we have seen historically not only when bill clinton raised taxes the economy did very well. george w. bush in 2001, 2003, cut taxes and the economy did very badly and then ultimately went really over a cliff in 2008. or more evidence for the first three decades after the second world war in the united states, the top tax rate never fell below 70% under dwight d. eisenhower, president eisenhower -- >> and yet professor, we have heard paul ryan, the so-called budget policy wonk of the house, repeatedly tell us that what we need to do is cut taxes and the economy does great. >> well, that's just simply not true. we had an election. most of the americans obviously did not believe that nonsense, and it is absolutely nonsense. there's no correlation at all between tax rates on the very top and the economy doing worse or for that matter doing much better. but here we have a hug
a republican landslide. you saw a second term with bill clinton ton, they cooped and impeached him, too. >> up next, this is one thing you'll see only on "the cycle." developments in the search for bigfoot. yes, i said bigfoot. >>> no, no, no. >> we just got it. dude, i think they're here. >> something's moving down below. y-made pasta. you could also cut corners by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over 70 satisfying recipes for one from stouffer's. gives you a low national plan premium... so you can focus on what really matters. call humana at 1-800-808-4003. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal even
but achieves our common goal of balancing a budget. something bill clinton and newt gingrich did in the mid-90s. shannon: are you against closing loop holes? >> i'm in favor of new revenues through economic growth. if you grow the economy at 4% a year, that 4% a year over 2% a year over a decade raises $5 trillion in more revenue. not a tax increase. but revenue through growth. why would you raise taxes when you could debt $5 trillion by cutting marginal tax rates and getting rid of some of the overregulation that obama is threatening the economy with and having more economic growth and more people pat work? that's the better way to raise revenue. it's disingenuous to say both parties have failed. the republicans in the house passed the ryan plan which fundamentally reformed entitlements. it needs the senate and the president to go along with it. but the republicans passed a real budget in writing in legislative form not some essay about what they think might be done which is all the president has done. shannon: paul ryan did win his house seat so he will be back there with the budget committee
with prudent spending cuts that show fiscal responsibility. you know, don't forget bill crystal said last week on fox that when taxes were raised in the reagan administration, he didn't say when taxes were raised in the clinton administration. the economy took off. so i think leaders -- >> it's possible. it's definitely possible. >> talk about the spirit of compromise that he had mentioned. what does the president get here out of this in if he gets business leaders on board to get republicans to deal? if he gets them on board, will it force republicans to deal? >> we've seen repeatedly the republicans are seen on their own planetary orbit. if you get wealthy americans to say to them that you have to cut a deal, i think what is really important here is you need to show fiscal responsibility. there's 1 trillion to $2 trillion of gas sitting on the sidelines. and they want to be invested in this country, in growing businesses, in building new equipment. >> does this show us therefore we might be seeing what you just described? release some of the 1.2 trillion dlarz? >> if we can show fiscal respo
Search Results 0 to 7 of about 8 (some duplicates have been removed)